Briefs
BoE says settlement still a problem
– Delays in trade confirmations are still a problem in credit derivatives trading, and expose the industry to unnecessary risk, according to a report by the Bank of England (BoE). Its latest Financial Stability Review, published on June 27, said growth in credit derivatives trading was continuing to accelerate, and warned: "Confirmation backlogs potentially leave firms vulnerable if they cannot ascertain the size and nature of their exposures when a creditOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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